8.26 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the morning, the market continued the bearish trend and dipped, reaching the key support level of 108500 before quickly showing recovery momentum, with prices gradually rebounding from the lows, interrupting the bearish downward rhythm.

From a technical perspective, different time frames present clear signs of warming up. On the four-hour level: downward momentum is weakening, and recovery signals are beginning to appear. Although the price briefly dipped down, it did not form an effective breakout or continuation of the trend; instead, it triggered a rebound at the lows, recovering part of the decline, indicating that there is some buying support in the market after the current significant drop. On the one-hour level: the transition between long and short is clear, with bullish momentum prevailing. After the previous significant drop, the smaller cycle did not continue the downward channel but instead showed a dual characteristic of "recovery + stabilization." The price rebound process is quite coherent, with clear signs of stabilization; the balance of power has tilted towards the bulls. Strategically, in the short term, it is advisable to rely on the 108500 support level to position for low buys, targeting the key rebound points during the previous decline, while also being cautious that if it breaks below the 108500 support again, adjustments to long positions should be made promptly. Overall, the current market shows a short-term reduction in bearish momentum, with a clear warming trend in smaller cycles. It is recommended to focus primarily on "low buys and high sells" while strictly relying on the 108500 key support level for stop-loss settings to avoid risks in extreme market conditions.

In the afternoon, Bitcoin can be bought at 110000, targeting around 111500.

In the afternoon, Ethereum can be bought at 4420, targeting around 4480. #比特币 $BTC